The Head of International Election Observation Missions (IEOMs) in Phnom Penh, have called on all stakeholders in the country to ensure peaceful and credible elections on July 29, 2018 and for citizens to take part in large numbers in this festivity of democracy and freedom.

The heads of the missions made the call on the eve of the Kingdom of Cambodia National Assembly polls.

The mission urged the political leaders, parties and their supporters to respect the rule of law during balloting and through the results tallying process and for people of Cambodia to show their commitment to democracy and free elections by taking part in great numbers in the July 29, 2018 elections.

“The IEOMs encouraged the candidates to accept the outcome of the elections in line with the provisions of Democracy and Good Governance.

“In the event of complaints or disputes, we encourage candidates to seek redress through legal channels whilst at all times refraining from acts of violence and intimidation.”

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More information about upcoming election process in Cambodia can be accessed here:

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The missions called on the National Electoral Commission (NEC) and party polling agents “to conduct their duties in a professional manner to ensure that “the elections are transparent,credible and conducted in accordance with prescribed laws and regulations in respect to the preparations already made to that effect.”

It added that the missions congratulate the government of Cambodia for the efforts carved out until now and it is expected to uphold its constitutional obligations to provide a secure environment that guarantees the safety of candidates, voters, NEC officials and electoral materials.

The pre-election report considered the political climate for July 29, 2018 elections as conducive to free and transparent polls.

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The full text of the pre-election assessment report can be read out here:

The elections for National Assembly of Kingdom of Cambodia are marking a new achievement with the registration of more than 160.000 electoral monitors for the upcoming elections branded by the Government as an example in history and by international community as free and fair in preparations.

The National Election Committee (NEC) of Kingdom of Cambodia increased the estimate from a previous figure of about 80,000, saying the observers were fairly evenly split between civil society groups and political party observers.

The National Election Committee (NEC) increased the estimate from a previous figure of about 80,000, saying the observers were fairly evenly split between civil society groups and political party observers.

Some 107 organizations will send observers to polling stations, according to a statement released by the NCE on Wednesday.

The Government of Prime Minister Hun Sen is credited with organizing what government assses to be the best elections in the nation`s history.

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The full text of the pre-election assessment report can be read out here:

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In the official pre-election monitoring report it was appreciated that: The international community is congratulating the government of Cambodia for the exemplary development of democracy in the country during the twenty-five years since the Constitution of Cambodia enshrined liberal multi-party democracy.

As we near the elections scheduled for 29 July this year, we appreciate the full progress of civil and political rights in Cambodia and the commitment for the conduct of credible, free and fair elections in July.

The peaceful climate after the dissolution of the terrorist organizations that where plaguing the nation and the fact that rights to freedom of expression, press, association and peaceful assembly, are respected, protected and fulfilled are encouraging.

It is clearly that Cambodia is registered on a path of development, full commitment to human rights and in full adherence to a genuine liberal multi-party democracy as envisaged in the Constitution of Cambodia for the benefit of all Cambodians.

The preparations for July 29 elections where saluted world-wide as conducive to a free and fair expression of the will of the Cambodian people and as a living democratic exercise and we hope that the election day, tabulation, collation and announcing of the results will be conduced in the same transparent manner.

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More information about upcoming election process in Cambodia can be accessed here:

Danube Delta will be the center, for a third year in a row, of DISCOVER ROMANIA 2018 summer trip of Institute of International Relations and Economic Cooperation (IRCE), the program destined to acquaint diplomats and international friends of Romania with the country historical patrimony and leisure opportunities and destinations.

The destination selection was made keeping in balance the international rename of the area of Danube Delta, the breathtaking beauty of the region and the celebrations destined to mark in 2018 and 2019 the YEAR OF SAINT EPICTETUS AND ASTION.

The successful promotion campaign has managed to attract on Danube Delta a record of 120.000 visitors in 2017 compared to 71.000 last year stated Professor Dr. Anton Caragea, IRICE President.

In 2017 PUFLENE RESORT and Mihai Puflene are being honored with the prestigious title of DIPLOMATIC PARTNERS.

At the heart of this sensibilization campaign aimed at informing Romanian public with regards to the extraordinary tourism potential of the Danube Delta was Mr. Mihai Puflene the General Director of PUFLENE RESORT and an avid and ardent promoter of the Danube beauties and potential, bent of sharing them with the world.

If we can transform 2018 in another the year of discovery for Danube Delta and we could elicit Romanian tourists and foreign diplomats in uncovering this treasure it is all due to Mr. Mihai Puflene and his efforts that attracted tourists and development in the area.

We have to give thanks to PUFLENE RESORT dedicated staff for an outstanding hospitality that we recommend to all those who want to discover Delta and to Mr. Mihai Puflene, the lover and connoisseur of Danube Delta, the man that aims to bring all Romanians to know and share the beauties of Danube we can only wish him Good look and we are continuously by your side, concluded Professor Dr.Anton Caragea, IRICE President.

The Summer 2018 Diplomatic trip will take place from 10th August to 15th August and will be dedicated to diplomats and foreign friends and partners of Institute of international Relations and Economic Cooperation of Romania and will be carved as an opportunity and invitation to discover Danube Delta heritage, history, culture, hospitality and cuisine treasures.

The Law on Giving in Payment is making murky waters on Romanian real estate market and is creating powerful pro and against camps every day more vocal, but unfortunately less and less based on economical date and more on sentimental reasons.

In order to address this fundamental issue: what will be the impact on commissioning law on real estate market? The Institute of International Relations and Economic Cooperation organized on 29 February 2016, the annual conference dedicated to the housing market in Romania.

THE ROLE OF REAL ESTATE MARKET IS TO PROVIDE HOUSING AND NOT EXUBERANT PROFITS TO SPECULATORS

In the opening remarks of the conference Prof. Dr. Anton Caragea explained the importance of real estate market:

We must comprehend the fundamental truth that : the real estate market is not dedicated to the big business sharks, to the speculators or to hit and run economic actors, but the real aim of this market must be to offer housing to those in need not profit to real estate moguls.

Or this is exactly the hitting point of the hammer of the law, the great real estate speculators, who aim at taking profit after profit, that are speculating on housing, they will be the victims, while the persons in search of house for living, for building a family, they will be in advantage.

Is normal that the prices will abruptly go down, and this is a perfect solution for the real estate market because the prices must not be dictated by speculators and riff raffs but by the real economy and this is demanding a reduction in prices by 50%. This will exactly the outcome of the Giving in Payment Law: will bring normality on housing market.

2015: THE REAL ESTATE PRICES TOOK A PLUNGE OF 15%

During last year, according to the figures presented on the conference, the average price reduction was around 15%, as a medium calculation, with highest mark for villas and houses going towards a 25% reductions, one of the most serious drop since the economic crisis hit Romania.

Despite this optimist signs of price reductions, all the experts underlined the fact that: prices are a long way to go before they reach the normal prices range.

2016 will mark new prices reductions until the real estate will register a 50% decrease from present day levels.

The tendencies on the market are putting the correct price around 200 Euro per square meter, the just price for Romanian market.

A highly interesting statistic proved that: who signed a contract last year to buy a propriety has already lost 20% of his investment.

New significant drops in prices (around 50% of present day marks) are just the tip of the iceberg and will have to continue in the next period, if there is to be a chance for the market to be stabilized and the investment in real estate to become one more time attractive and efficient.

From an initial value of 1.200/1.300 euro per build square meter, the prices have dropped by the year-end, towards 650-450 euro per constructed square meter, but are a long way to go until normal prices, requested by the market, will come back on Romanian real estate.

2016: THE INDEX OF PRICE IS INDICATING A 25% REDUCTION IN PRICES

The real estate market will continue the downward spiral in 2016, accelerated by the economic crisis and low-income, with the greatest devaluation registered for the rural based property and on secondary or vacation house market and provincial cities where prices will decrease by 80% while the depreciation will rich figures of around 40% to 50% on premium real estate objectives in Bucharest areas.

The prices are expected to fall below 200-250 euro per constructed/ square meter in prime areas of Bucharest real estate.

The housing market prices have one direction: Down and quickly !

The drop in prices is driven by the ongoing banking crisis, the powerful economic crisis, the reduction of incomes, the shrinking in number of banking institutions available to offer real estate loans, the spike in banking interest rates, dramatic decrees in investment, drastic reduction in real income for majority of Romanians, unfavorable economic prognosis, ongoing economic crisis and also decrees in foreign investments and in revenues from Romanian working abroad etc.

To this long list of negative trends we can add the 120.000 new flats, houses and villas that will be placed on the market by the banks in the foreclosure process.

They were expected to flood the market from 2015, but their apparition was bogged down by law complication and lawsuits but eventually they will start emerge from banks portfolios on the market bringing severe corrections to the prices.

This new properties will be presented on the market with reduction`s in prices ranging from 50% to 25% percent from the initial announced price.

The banks presented list of property with starting prices ranging from 15.000 to 20.000 euro for one room flat, to 25.000 euro per two rooms flat and around 35.000 euro for three room flats.

The mansions and villas are sold at pricing ranging from 35-40.000 euro per 200 squared meter’s villas in high luxury areas and as low as 20-30.000 euro in secondary areas.

The prices for land in Bucharest area already dropped with 50% in 2014 and will furthermore decrease with 50% this year, reaching finally the 50 euro per square meter in central areas of Bucharest, a price that will allow re-emergence of developers on the market on the next years.

On the list of economic developments, on the real estate market, that are impacting downwards the prices were highlighted: a drop in population real income by 30% in 2014/2015, this had impacted drastic the number of real estate buyers, banking system is engulfed in crisis and choked by low-commercial value properties; the average real interest for real estate credit is around 20% which is making the cost of real estate credits unsustainable.

We can safely conclude that: taking a real estate loan in this period is the path towards bankruptcy and foreclosure for 90% of the clients.

Borrowing today ! Bankrupt tomorrow! was the bitter joke of the bankers, which confessed that banking system is in a vicious circle, until the prices will reach the 200 euro per square meter mark, until this moment the loan market is blocked.

WE HAVE HOUSES! BUT WE DON’T HAVE BUYERS!

2016 is presenting a market under siege with offers and with no buyers interested.

This year will enter on the market like a flood: over 50.000 hectares of prime land and a new stock of 3.000 villas and mansions in areas as: Colentina, Bucurestii Noi, Pipera, Baneasa, Damaroaia etc.

This avalanche of real estate`s will be sold on the market at prices below 50.000 euro per property and will push toward collapse the luxury real estate market.

Another interesting factor that emerged from discussion was the fact that: this year the offers are reaching 50% from the asking prices, while the norm on the market was a difference between 10 to 15% but today the gap has go down to at 50% of the initially estimated price.

The real estate market is intricately connected with the decrease of average wage and real income per person and the economy status.

The price per square meter, in prime real estate areas, cannot be over medium salary value by more than two times.

As in Romania the salary is around 150 euro monthly, the price per square meter cannot exceed more than 300 euro, as a matter of economic sanity.

It a clear axiom of economic sustainability, you are breaking it; you go out of business, concluded Mihail Raceanu.

The market will restart if we will reach the financial comfort zone around 200-300 euro’s per square meter.

This is the hard to swallow truth: who is not cutting rapidly the prices remains excluded from the market.

50% to 60% REDUCTION IN HOUSING AND VILLA MARKET SECTORS.

We have entered now in the eight year of the housing crisis and we have to logically be prepared for another eight year for dropping prices as normality on the market is the United States expert’s opinion.

Crisis is today economic normality!

The developers in the areas of villas and houses concluded that this area will continued to be severely hit with drastic reduction of prices during 2016.

The main reason is the fact that: economic crisis had dramatically reduced the number of interested players for buying this type of real estate, corroborating this with decreasing rental market and drastic reduction in number of companies interested to rent such large spaces for offices and the growing expenses to maintain such a property, had gone up impressively, all is worsening the perspective for this type of properties.

The new taxes and fiscal obligations are hitting hard on the owners of luxury estates and the maintenance cost are rising rapidly on gas and heating tabs.

This type of properties is the most vulnerable for banking foreclosures and sell on the market at prices below 50.000 euro such villas can help the banks to cut their losses.

During this year areas such as: Mosilor, Pipera, Baneasa, Tunari, still offer the possibility to be sold around 50.000 euro, the rest of the areas of south and east of the capital (Damaroaia, Berceni, Timpuri Noi, Colentina), are completely unfit for marketing and selling because of the inexistence of interested buyers.

The portrait of housing buyer: bankrupt and on the street!

YOU BUY! YOU LOOSE!

During 2015 the same order is playing in the real estate market: you bought, you lost!

From the moment that you ink the deal, the real value of your house has gone down by 20% and will continue to dwindle.

Understanding the real estate market evident lessons is a major step: the internal market with a dwindling number of buyers and unpredictable income is blocking any major acquisitions and foreign investors are NOT coming to the market.

Nothing will change until the prices are reaching the 200 euro mark per square meter.

No investment in Romania is possible at current prices of 400-500 euro per square meter as long as similar opportunities are to be found in Austria, Hungary, Greece, Turkey or Bulgaria but at prices below 100 euro.

In this moment any buyer of Romanian properties will lose big and heavy, concluded the panel of experts present at the conference.

All the hopes are concentrating on the rapid implementation of the New Fiscal Code of Romania that will force by huge taxes and levies the owner to rapidly sale their property or face foreclosures.

Thus will bring the prices to the reality of 200 euro target of real estate market.

The Law of Giving in Payment in marking a step in the right direction towards bringing equilibrium of the real estate market and signaling that the time of housing speculators in rapidly nearing his end.

ROMANIAN ECONOMY IN 2015: THE 8 YEAR OF RECESSION

Thursday, 19 November 2015 at the headquarter of Institute of International Relations and Economic Cooperation has taken place the analyses of the dire situation of the Romanian economy as revealed in the latest United Nations preliminary assessment by Philip Alston.

The conference has united economical experts from Romania and European Union, economical supervisors and personalities of political, economical and academic life of Romania.

The most important topic was highlighting the negative effects of publicising doctored report about Romanian economic development, reports that are having no bases in real economy and are reminiscent of the communist time distorsion of economic figures.

Romanian economy is in deep crisis and poverty, and no amount of lies and propaganda can change this fact, and the latest popular revolt was triggered by this official politic of economic lies, was the conclusion of the debate.

2009- 2014 –the first stage of world crisis and impact on Romanian economy.

The conference started with an evaluation of the first wave of impact of economic crisis in the recent period: 2009-2014.

In 2012-2014 the economist stated in a voice that: the economic crisis has affected the vital areas of economic life: the collapse has started with construction industry and construction material factories and collapse continued by the real estate market shrinking.

Others affected sectors where: insurance, banking and stock exchange and in all the financial sector was strongly shaken down.

The consumer confidence has fallen sharply and the Gross Domestic Product (GDP) has being reduced with 10% in 2010 and 8% in 2011 to decrease further with margins between 2-3% in 2013 and 2014.

The decrease in Romanian economy has being so devastating, today we are below the 1996 level-the record law of Romanian economy.

Unfortunately, the economic collapse of 2012-2014 has laid the foundation for a crisis without equivalent in Romanian history that will affect the country in 2015.

2012-2014: The period of economic disaggregation of Romanian economy.

2012 and 2014 will be remembered as the worst years of recent economic turmoil in Romania, had appreciated in one voice all the experts present at the gathering.

In 2013 and 2014 the Romanian economy had started to show signs of deep financial crisis.

The banking and insurance system has being especially hard hit and this had made the fragile Romanian economy to reach the breaking point. The inflation had resurfaced and the experts appreciate that a 10% percent yearly inflation is unavoidable.

The resurgence of inflation had put a dramatic pressure on population economy and had made any recovery unthinkable for the next 4-8 years.

The collapse in economic system, the fact that internal and external investments had being reduced to minimum, the credit on internal market has being practically suspended, all this factors had provoked for 2012-2014 a record economic decrease of more than 15% of GDP or even 18% of GDP after others opinions.

A factor not to be neglected in amplification of the crisis is the governmental incompetence that by increasing the taxes, legislative chaos and a deliberate politics of destroying the middle class investors in the favor of big companies succeeded only to aggravate the economic crisis.

2016 – The maximum point of economic crisis.

The 2016 will be a decisive year when Romanian society with 70% of population living below poverty line will be confronted by the ripple effects of European meltdown.

Until now the Romanian economy was hit hard by his own faults like: reduced productivity and competitiveness, chaos in the governmental policy, crippling inflation etc.

In 2015 Romania was affected by the decay in European economic activity, effects of anti-Russian sanction and the redraw of investor from the Eastern Europe market in the aftermath of Greece and Hungary crisis.

Crisis hit Spain, Greece, and Ireland and slowing down economy of Germany, France and Great Britain, will impact negative on Romanian chances to get access to European funds and foreign investments.

Romanian economy and policy maker are not yet conceptual prepared to understand that Romanian EU membership had become a liability and a negative factor in the future of Romania, appreciated the representative of Foreign Export Company Association Mr. Marcel Alexandru.

The negative impact of European Union financial and confidence crisis will account for a 2-5% percent reduction in Romanian GDP this year.

2016 will be without a doubt a period of a new catastrophic decline.

It must be very clear, all economic experts underlined, that the present economic decline will last for at least a decade at European level, so all those opinions that declared that Romania will start a new economic growth before the next 10 years; either don’t know what they are saying, either are bluntly laying.

All the European statistics are speaking about the lost decade of Europe between 2010 and 2020 , term referring to the blocking of economic development at continental level and the frozen of present situation for a decade.

Those that are declaring that Romania will surpass the period of recovering of France or Great Britain economy , are telling stories that are unbelievable , stated chief economist Mihail Raceanu. What is important is to succeed that we have in 2015 a decrease in real economy of less than 10% and in the interval between 2015 and 2019 to stop the decline and in 2020 to start the recovery.

2016 budget-A budget of economic crisis.

In 2015 the Romanian economy is coming to the fore not only with the negatives trends of the last years and a crippling luck of funding and investment but also with a budget of austerity that will direct Romania to plunge into a new economic meltdown.

The 2015 budget is impacting Romanian economic stability and is giving a sign of chaos in the government economic policy.

The 2016 budget expected deficit of 2, 1% percent of GDP it not offering any chance for a real economic recovery, massive investment projects are abandoned and the decline in the economy is estimated by independent economist around 3-6% percent of the GDP by the year’s end.

What is dramatic, is the reduction in the direct investment in the economy, with less than 1 billion euro investment planned for this year, the Romanian economy had to struggle for sustainability.

Reduced foreign investment and dramatically shrinking internal private investment means that Romania will have now more that 2 billion euro (in an optimistic assessment) for investment programs.

The country needs at least 20 billion per year to modernize the economy and to have a decent growth rate of 1-2% percent per year.

The present day budget of 2015 is not only of severe austerity, but of severe contraction, stated the economists present at the meeting.

Romanian economy recovery post-poned to 2050.

This assessment was a strong one, keeping in mind that the pre-crisis governmental statistic declared that in 2025 Romania will succeed in recuperating the gap and reach the level of industrial activity prior to 1989 Revolution.

This perspective is no longer feasible, a new perspective is appearing after the crisis and after the lost decade and a cumulative GDP decrease of more than 60% from 2007 economy level.

The economic recession will make it hard for Romanian economy to recuperate the last loses in the context of zero governmental involvement, the general economic climate of recession and finally the worst factor of all: the burden of external debt.

The collapse in economic system, the internal and external investments will be reduced to minimum, the credit on internal market will be suspended and all this will provoke this year an economic decrease of more than 5% of GDP or even 8% of GDP after others opinions.

External debt risk can plunge Romania into financial meltdown.

The fear factor that will suffocate Romanian economy in the next period will be, after 2015, the foreign debt crisis.

The government has careless accepted more than 36 billion dollars credit and in total: the private and state debt of Romania is reaching the unbelievable sum of 95 billion dollars, this only if the government will no longer accept new loans.

Despite the writing on the wall, in all of cases like: Greece, Spain and Ireland, Romania is accepting new loans from International Monetary Fund, loans that will not be invested in developing and modernizing the economy but in salaries and pensions.

This consumer invested loans at extortionate interest rates, will suffocate completely an ailing and failed economy as Romanian economy is.

Another gloomy factor is the unemployment: with a rate of registered unemployment of more than 15% of the active population and with another 15% percent of the population already left out of the governmental unemployment aid, Romania tops many EU member countries with a real unemployment figure of more than 30% of the population.

This figure must be put in perspective with more that 70% of the population below the poverty line and the full picture of the economic meltdown and social tragedy could be analyzed.

Romania economy is in crises and no plans for a future development had being adopted.

2015: The economic crisis.

The conclusion of the most important economic experts in Romania was clear: the crisis is not over by far, but has entered in a more difficult phase that will affect financial and banking system and economic fundament`s.

The economic crisis will continue until 2017 at the earliest and a coming back cycle that will last until 2025.

This decade will be, without a doubt, the lost decade of Romania, but if the necessary measures are not rapidly taken to re-establish control on economic decline than we risk that Romania economy will not come back not even in 2025.

The situation is made even worst by the fact that: Romanian leaders are in denial in regard to the social and economic crisis of the country as UN rapporteur Philip Alston stated.

On 1 June, 2013 at the headquarters of European Council on Tourism and Trade the latest issue of European Journal of Tourism has being unveiled.

The 8th edition of the European Journal of Tourism is dedicated to LAOS-WORLD BEST TOURIST DESTINATION for 2013.

Laos has being unanimously elected as WORLD BEST TOURIST DESTINATION in 2013 for his fabulous historic and civilization legacy and for his outstanding track record for safety of tourism and for ethical and green tourism.

Benefiting the legacy of Kingdoms of Lan Xang, Luang Prabang, Champasak etc Laos is rich in temples , palaces and historical places that is quasi unique in the world. Also the rich Buddhist heritage is creating the favorable spot for religious and cultural oriented travel.

The latest issue of European journal of Tourism is presenting in extenso the debates hold on the award, the list of competing countries and the long list of reasons for awarding WORLD BEST TOURIST DESTINATION AWARD to Laos.

Other high-profile articles are dedicated to: the ceremonies held in Vientiane for WORLD BEST TOURIST DESTINATION AWARD and to the election as member of European Tourism Academy of Minister of Culture, Information and Tourism of Lao PDR, Bosengkham Vongdara.

Special highlights of the eight number of European Journal of Tourism are also the visit of the European Council on Tourism and Trade delegation in Laos and the agreements reached on fostering touristic and diplomatic relations between Europe and Laos.

Two pages are dedicated to photo chronic`s to showcase the luxurious ceremonies for WORLD BEST TOURIST DESTINATION IN 2013 held in Laos.

European Journal of Tourism is a regular publication of European Council on Tourism and Trade destined to disseminate information`s about World Best Tourist destinations, European tourism statistic, evolution`s, laws, regulations and main event`s.

European Journal of Tourism has an average readership for issue of more than 120.000 professional’s that includes the 180 embassies in Europe as well as all major European government institutions, private corporations and the international community at large. As the flagship newspaper of the European tourism community, we are the only publication in the Europe able to reach the tourism highly targeted and lucrative market.

Read on-line the LAOS WORLD BEST TOURIST DESTINATION FOR 2013 special issue of EUROPEAN JOURNAL OF TOURISM

On 25 April 2013, Romania had organized a conference of presentation and support for Kazakhstan 2050 Strategy and for President Nursultan Nazarbayev initiative on combating global economic crisis by G Global organization.

The conference has enjoyed the presence of senators and deputies of Romanian parliament, the academic community and was held in the presence of representatives of diplomatic corp accredited to Romania.

In the opening speech of the conference Professor Dr. Anton Caragea, Director of Institute of International Relations and Economic Cooperation had clearly marked the importance of Kazakhstan 2050 strategy.

Kazakhstan 2050 strategy is not only a domestic receipt to develop Kazakhstan economy and to produce growth, employment and development but it is a blueprint for all nations to combat economic crisis and is offering a model for economic progress in a time of crisis, concluded professor dr. Anton Caragea.

Professor Dr. Anton Caragea had presented also the major foreign policy initiatives destined to reshape the world of XXI century proposed by Kazakhstan:

-the platform for Euro-Atlantic and Eurasian security as part of Astana’s drive to create a framework for cooperation between key regional organizations in charge of security.

– the G-Global initiative on combating world economic crisis was unveiled offering a rostrum for exchange ideas and plans to curb the present day economic crisis.

-the KAZAKHSTAN 2050 Strategy as an example for world economies on how to create growth and employment and economic development in a time of crisis.

The Kazakhstan Senator Akhan Bizhanov, President of Kazakhstan-Romania Parliamentary Friendship Group in Kazakhstan Senate and Chairman of Social and Cultural Committee of the Senate had extensively presented the Kazakhstan 2050 strategy emphasizing the economic development and the development measures that will enshrine Kazakhstan amongst the world most developed nations.

Kazakhstan 2050 strategy has being the objective of world attention in the last span of time on the account of: mechanism`s to generate economic development, crisis management and building a knowledge and technology based economy, all this are regarded as material for analysis and role model for other countries development strategy.

Senator Baktybai Shelpekov, President of Budget and Finance Commission in Kazakhstan Senate highlighted the significance of G Global as a way to combat world crisis, to elaborate new strategy and policies for world development and as the only solution for a democratic and complete response to world challenges of XXI century.

More that 200 parliamentarians and academics express their support for Kazakhstan 2050 strategy and for G Global initiative.

Messages of support for Kazakhstan 2050 strategy and g Global were read out by H.E. Valeriu Zgonea, the President of Chamber of Deputies of Romania, H.E. Florin Constantiniu , Vice-President of Romanian Senate , Ionel Agrigoroaie, Vice-President of Romania-Kazakhstan Parliamentary Friendship Group, Mr. Azamat Zhangulov, Vice-President of Rompetrol etc.

The round table had enjoyed a massive presence of parliamentarians and academicians who expressed their admiration for Kazakhstan startling achievements as: building a democratic and open society, a powerful economy and an inclusive society blending minorities, languages and religions in a society of future.

Kazakhstan is today a role model nation and Kazakhstan 2050 strategy is offering, together with G Global initiative, a charted way for promoting economic development and democratic debate worldwide.

We can safely conclude that Kazakhstan lessons were fully embraced by the Romanian political and academic elite in the Palace of Parliament held conference.

Monday 6 of February 2012 at the Institute of International Relations and Economic Cooperation headquarters was held the first conference of 2012: The evolution of Romanian economy in 2012. The crisis will continue!

The conference has joined economical experts from Romania and European Union, economical supervisors and personalities of political, economical and academic life of Romania.

Another example of Romanian economic success : street beggars

2009 and 2011 – first years of economic crisis.

The conference started with an evaluation of economic crisis impact in the period of the first years: 2009, 2010 and 2011.

In the first year of the crisis in Romania -2009- the economic crisis has affected the vital areas of economic life: the collapse has started with construction industry and construction material factories, collapse continued by the real estate market shrinking. Others affected sectors where: insurance, banking and stock exchange and in all the financial sector was strongly shaken down. The consumer confidence has fallen sharply and the Gross Domestic Product (GDP) has being reduced with 10% in 2010 and 8% in 2011.

The decrease in our economy has being so devastating that we are below the 2000 level. Unfortunately the economic collapse of 2010 and 2011 has laid the foundation for a crisis without equivalent in Romanian history that will affect the country in 2012 and 2013.

2011- The year of economic earthquake.

2011 will be remembered without a doubt as the year of economic turmoil in Romania, had appreciated in one voice all the experts present at the gathering. First of all the 2011has being the year in which the Romanian economy had collected all the hard hits from all the economic collapse of the last years. The financial system has being especially hard hit and this had made the fragile Romanian economy to reach the breaking point. The inflation had resurfaced and the experts appreciate that a 10% percent yearly inflation is unavoidable.

The resurgence of inflation had put a dramatic pressure on population economy and had made any recovery unthinkable for the next 2-4 years. The collapse in economic system, the internal and external investments had being reduced to minimum, the credit on internal market has being practically suspended and all this had provoke for 2012 an economic decrease of more than 15% of GDP or even 18% of GDP after others opinions. A factor not to be neglected in amplification of the crisis is the governmental incompetence that by increasing the taxes, legislative chaos and a deliberate politics of destroying the middle class investors in the favor of big companies all did nothing ells than to aggravate the economic crisis.

2012 – between crisis and slowing down economy.

The 2012 will be a decisive year to slow down the economic collapse or to direct the economy in a new catastrophic decline. It must be very clear, all economic experts underlined, that the present economic decline will last for a decade at European level, so all those opinions that declared that Romania will start a new economic growth before the next 10 years; either don’t know what they are saying either is bluntly laying.

All the European statistics are speaking about the lost decade of Europe between 2010 and 2020 , term referring to the blocking of economic development at continental level and the frozen of present situation for a decade.

Those that are declaring that Romania will surpass in the period of economic crisis the France or Great Britain economy , are telling stories that are unbelievable , declared laughing Mihail Racaceanu – chief economist. What is important is to succeed that we have in 2012 a decrease in economy of less than 10% and in the interval between 2012 and 2015 to stop the decline and in 2020 to come back to pre-crisis year of 2007 and in 2050 at the pre-revolutionary level of 1989.

In 2050 the Romanian economy will reach the level of 1989 as a historic economic reference year.

This assessment was a strong one, keeping in mind that the pre-crisis governmental statistic declared that in 2025 Romania will succeed in recuperating the gap and reach the level of industrial activity prior to 1989 Revolution.

This perspective is no longer feasible, a new perspective is appearing after the crisis and after the lost decade and a cumulative GDP decrease of more than 60% from 2007 economy level.

This economic recession will be hard to recuperate in the context of nongovernmental involvement, the general economic climate of recession and finally the worst factor of all: the burden of external debt.

External debt will plunge Romania into financial meltdown.

The factor that will suffocate Romanian economy in the next period will be, after 2015, the foreign debt crisis.

The Boc government has careless accepted more than 36 billion dollars credit and in total the private and state debt of Romania is reaching the unbelievable sum of 95 billion dollars, this only if the government will no longer accept new loans.

But this perspective is an unrealistically one as President Traian Basescu has announced new external loans for 2012 , that will surely bring Romania to being incapable to pay the foreign debt. Despite the writing on the wall in all of cases like Greece, Spain and Ireland, Romania is accepting new loan from International Monetary Fund, loans that will not be invested in developing and modernizing the economy but in pay offs for next parliamentary and presidential elections’. This consumer invested loans at extortionate interest rates will suffocate completely an ailing and failed economy as Romanian economy is.

Unemployment: with a rate of registered unemployment of more than 10% of the active population and with another 15% percent of the population already left out of the governmental unemployment aide Romania tops all the EU member countries with a real unemployment figure of more than 25% of the population. This figure must be put in perspective with more that 50% of the population below the poverty line and the full picture of the economic meltdown and social tragedy could be analyzed. Romania economy is in crises and no plans for a future development had not being adopted.

2012: The economic crisis is worsening.

The conclusions of the most important economic experts of Romania where clear: the crisis is not over by far, but has entered in a more difficult faze that will affect financial and banking system and economic fundaments. The economic crisis will continue until 2015 at the earliest and a coming back cycle that will last until 2020. This decade will be without a doubt the lost decade of Romania but if the necessary measures are not rapidly taken to re-establish control on economic decline than we risk that Romania economy will not come back not even in 2020.

Breaking News

On 15 July 2016 H.E. Professor Dr. Anton Caragea has received his official nomination as GLOBAL AMBASSADOR OF TOURISM in addition to the 2014 appointment as GOODWILL AMBASSADOR FOR WORLD PROTECTED AREAS AND NATURAL PARKS
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The Kingdom of Cambodia had received the official visit of Professor Dr. Anton Caragea high-ranking delegation in a joint effort to boost the friendship and dialogue on international stage.

The visit was inscribed in the bilateral decision to uphold the rapid development of the cultural, trade, economic and political ties.
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Between 22 May and 29 May 2015, H.E.Professor Dr. Anton Caragea has lead an official Monitoring Mission for Kazakhstan Early Presidential Elections
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Between 28 May and 7 June 2014 H.E.Professor Dr. Anton Caragea has lead an official European delegation to Republic of Zimbabwe and had assisted to World Best Tourist Destination Ward Ceremony for 2014.
H.E. Professor Dr. Anton Caragea was congratulated for his instrumental role in promoting Zimbabwe candidature for hosting World Best Tourist Destination for 2014.

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Between 25 November to 2 December 2013 H.E. Professor Dr. Anton Caragea was invited for an official working visit to United Arab Emirates on the occasion of the 42 anniversary of UAE National Day.
H.E. Professor Dr. Anton Caragea was congratulated for his instrumental role in promoting Dubai candidature for World Expo 2020.
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Between 30 October to 4 November 2013 His Excellency Professor Dr. Anton Caragea has being invited by Minister of Foreign Affairs of Azerbaijan to attend Baku International Humanitarian Forum 2013

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President Professor Dr. Anton Caragea will open in the luxurious setting offered by Myanmar`s new capital Nay Pyi Taw the ceremonies for WORLD TOURISM CONFERENCE 2019.The WORLD TOURISM CONFERENCE 2019 opening will be officiated by Myanmar`s Vice-President Academician U Henry Van Thio, State Counsellor Daw Aung San Suu Kyi, President Dr. Anton Caragea and Min […]

2019 had come with a novelty for diplomatic corps friends of The Institute of International Relations and Economic Cooperation (IRICE) who got a double invitation to the DISCOVER ROMANIA PROGRAMME, first time with the summer 2019 trip centered around VRANCEA country and PANCIU Domains and now with a second autumn invite for a trip to Danube Delta. The DISCO […]

On July 12, 2019 THE DOMENIILEPANCIU owner and president Mr. Daniel Guzu was decorated as the CREATOR OF 2019 DIPLOMTIC WINE OF ROMANIA.The news comes in the wake of eight months of successes when the DOMENIILE PANCIU wines obtained powerful recognitions during Brussels Wine Competition snatching the top prizes against more than 9000 competitors worldwide.Th […]

Vrancea County will be at the center, for the first time ever, of THE DISCOVER ROMANIA 2019 summer trip of Institute of International Relations and Economic Cooperation (IRICE).DISCOVER ROMANIA is a programme destined to acquaint diplomats and international friends of Romania with the country historical patrimony and leisure opportunities and destinations. […]

World Elections Monitors Organization-WEMO invites members of European Parliaments, from all over Europe to apply as Observers for our upcoming Election Observation Mission to the European Parliament elections. It is expected that 500 members of European parliaments will take place in the largest diplomatic exercise ever governed by the international electi […]

According to the instructions of World Elections Monitors Organization for the organization of monitoring mission to the European Parliament elections, republished and with subsequent amendments and supplements, the World Elections Monitors Organization has presented to EU media a series of administrative–organizational tasks in the context of the preparatio […]

President of European Council on International Relations Professor Dr. Anton Caragea was the first world leader to offer his congratulations to H.E. Academician Hun Sen, Prime Minister of Cambodia after the landslide victory that confirmed him to retain premiership for another five years. President Professor Dr. Anton Caragea to Prime Minister Academician Hu […]

Prime Minister Abdoulkader Kamil Mohamed on Thursday raised Professor Anton Caragea, President of the European Council of International Relations, to the rank of Commander in the National Order of 27 June. The decoration was destined to mark the nation`s gratitude for the global exertions of President Dr. Anton Caragea in supporting the principles of: indepe […]

August 15 - Cambodian People's Party, ruling party of Cambodia led by Prime Minister Hun Sen, triumphed overwhelmingly in late general election 2018 held on 29 July 2018, taking all the 125 seats in the National Assembly, National Election Committee announced Wednesday. In the official results of July's elections, the NEC said the CPP won 4,889,113 […]